103 N 5Th Street

  • Alhambra

  • $4,550,000
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Residential Income Details

Description
Bridge Investment Group is proud to present Whispering Falls in the city of Alhambra. Located in one of the most highly sought-after locations, Whispering Falls has been owned by the same family for over 30 years. The property offers a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley. At Whispering Falls, the corridor entry leads into a mature landscaped courtyard, with a fountain. Within this serene space is a 15-unit apartment built in 1961 consisting of five 1 bedroom/1 bathroom, nine 2 bedroom/1 bathroom, and one 3 bedroom/1.5 bathroom units totaling 12,676 square feet sitting on a lot size of 15,270 square feet. The foundation is concrete slab and the roof is pitched composition shingle. The owner upgraded the plumbing to copper piping over 10 years ago. Each unit is individually metered for gas and electricity and comes with their own tuck under parking space and wall air conditioning unit. There are two American Standard 100-gallon hot water heaters that were new as of three years ago, as well as laundry on site for the tenants: two washers and one dryer on lease. Rents are ±70% below market and all tenants are on month to month leases so there is an opportunity for an investor to immediately capitalize on the rental potential.
Essential
MLS #WS17266663
Price$4,550,000
Number of Units15
Sale TypeStandard
StatusActive Under Contract
Listing BrokeragePASADENA MARKET CENTER
Listing AgentKEVIN LUTZ
Listing Agent BRE #00925595
Interior
Exterior
Garage Spaces0
PoolNone
Community
Area601 - Alhambra
CommunitySidewalks
Address103 N 5Th Street
CityAlhambra
CountyLos Angeles
StateCA
ZipCode91801
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, December 8, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.